All Forum Posts by: Gary McGowan

Toronto is a great market if you are looking for lifestyle and want to be closer to your employment. There will always be people willing to rent your units. The trick is to stand out from the crowd and offer your tenants something they can not get at another unit. How you decorate and how present your units will go a long way.

I have seen and bought many properties that I would NEVER live in. How could I expect someone else to? I renovate as soon as I buy the building and try and make it look like a million bucks on a strict budget.

Many people buy their first investment and live in it. I also opens you up to different lending options too!

Hi, I know Quentin from www.Durhamrei.ca very well and have shared the stage with him a number of times. He his a great teacher and speaks from experience.

I hold a simalar club out of York Region. Our next meeting will be in January. You can connect with me here. www.RealEstateVentures.ca

Toronto is a tough area to invest in and expect positive cash flow every month. Areas around the GTA will provide you a much better return. Durham, Specific areas in York Region, Barrie, Waterloo, Hamilton are all great areas with a great upside.

Hi,

I'm located in the GTA and own 12 Rent To Own properties at the moment. Although have not picked up a new RTO in a year as my focus has changed somewhat back to long term investments. I have found that in the larger market in Toronto it is very rare to do a RTO, Most of my properties are in the suburbs of Toronto. Durham region, Brampton, Vaughan and Barrie where the price points make better financial sense. We have never done a RTO on a condo as the condo fees really skew the numbers for both the Investor and the Tenant.